Laser Digital Secures Broker License in Abu Dhabi

Nomura’s cryptocurrency arm, Laser Digital, has received a broker license for both traditional and digital assets in the Abu Dhabi region. This marks a significant milestone for the company, expanding its services in a key financial hub.

The Financial Services Regulatory Authority of Abu Dhabi approved a Financial Services Permission (FSP) license for Laser Digital. This completes the company’s full licensing process with the Abu Dhabi Global Market (ADGM). With this new license, Laser Digital can provide broker-dealer services and asset and fund management for both digital and traditional assets.

CEO Jez Mohideen emphasized the importance of this achievement: “We are eager to contribute responsibly to the virtual asset industry in the UAE. We have always been committed to upholding the highest compliance and regulations standards at ADGM, and we look forward to contributing to ADGM’s ecosystem.”

Abu Dhabi, A Hub for Crypto Innovation

The United Arab Emirates is poised to become a global crypto hub due to its innovation-friendly regulations. Laser Digital chose Abu Dhabi for its expansion because of ADGM’s progressive and transparent regulatory approach. CEO Mohideen highlighted the region’s appeal: “Laser Digital chose Abu Dhabi as its destination of choice due to ADGM’s progressive and transparent approach to regulation, based on strong cross-industry dialogue and collaboration with different sector players including the digital asset sector.”

ADGM’s Chief of Market Development, Arvind Ramamurthy, expressed enthusiasm for welcoming innovation-oriented firms like Laser Digital. “We’re delighted to welcome Laser Digital as we expand our financial community to include partners such as Laser, whose offerings align with ADGM and the FSRA’s international best practices and progressive regulatory ecosystem.”